NCJAR News
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- NAR Lawsuit Updates
- Building Relationships Using the CIS
- Diverse Compensation Methods
- Buyer Agency Agreements
- Client vs. Customer Clarification
- Expressing Service Value & Negotiation Guidance
Presented by Isabelle Perkins, Real Estate Instructor MA, NJ and NY
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We wanted to bring you up to speed on the recent developments in the Burnett v. NAR, et al. case, where a Missouri jury has reached a verdict. Here are some insights and resources that may prove helpful in navigating the current landscape:
1. Ongoing Legal Proceedings:
The legal proceedings continue, as the National Association of REALTORS® (NAR) and the named defendants, despite not prevailing at the district court level, are pursuing an appeal. NAR maintains confidence in a robust legal foundation for this appeal.
2. Business Continuity:
For your business, it remains 'business as usual.' New Jersey, among approximately 13 other states, already incorporates buyer agency into its legal framework. The NJR Forms library, including the Buyer Agency Agreement, ensures transparency and formalizes your professional relationships. Resources are available to help articulate your value as a buyer’s agent.
3. Maintaining Professional Composure:
While acknowledging the disappointment that may accompany the verdict, it is imperative to maintain professional composure. Equipping yourself with the facts will enable you to effectively communicate the substantial value you bring to real estate transactions, fostering understanding with your clients.
4. NCJAR as Your Supportive Partner:
Every year on November 11th, we come together as a nation to pay tribute to the brave men and women who have served in the United States Armed Forces. Veterans Day is a time to express our gratitude, respect, and appreciation for the sacrifices made by these dedicated individuals. It's a day to recognize the courage and resilience of those who have defended our freedom, and to remember that their service is not just a thing of the past, but a continuing source of inspiration and pride for our country.
A Brief History of Veterans Day
Veterans Day, originally known as Armistice Day, was established on November 11, 1919, to commemorate the end of World War I, which took place on the 11th hour of the 11th day of the 11th month in 1918. In 1954, the name was officially changed to Veterans Day to honor all U.S. military veterans. It's a day that serves as a reminder of the sacrifices and contributions of our veterans, from the "doughboys" of World War I to the heroes of today's conflicts.
The Courageous Men and Women